Jain Global LLC Has $8.83 Million Stake in Mobileye Global Inc. $MBLY

Jain Global LLC boosted its position in Mobileye Global Inc. (NASDAQ:MBLY) by 2,353.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 625,266 shares of the company’s stock after purchasing an additional 599,783 shares during the period. Jain Global LLC owned 0.08% of Mobileye Global worth $8,829,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Mobileye Global in the second quarter valued at approximately $31,000. Rhumbline Advisers acquired a new stake in Mobileye Global during the 1st quarter worth approximately $27,000. Brown Brothers Harriman & Co. grew its holdings in Mobileye Global by 8,500.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock worth $45,000 after acquiring an additional 3,145 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Mobileye Global by 464.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company’s stock valued at $59,000 after acquiring an additional 2,705 shares during the last quarter. Finally, KBC Group NV bought a new position in shares of Mobileye Global during the second quarter valued at $65,000. 13.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on MBLY shares. Wells Fargo & Company cut their price objective on Mobileye Global from $24.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Mobileye Global in a research report on Wednesday, January 28th. Wall Street Zen lowered shares of Mobileye Global from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. UBS Group reduced their price objective on shares of Mobileye Global from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, January 23rd. Finally, HSBC upgraded shares of Mobileye Global to a “strong-buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.89.

Mobileye Global Stock Up 4.9%

MBLY opened at $7.94 on Tuesday. Mobileye Global Inc. has a twelve month low of $7.54 and a twelve month high of $20.18. The company’s 50-day moving average price is $9.39 and its two-hundred day moving average price is $11.62. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of -16.20 and a beta of 0.59.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The firm had revenue of $446.00 million during the quarter, compared to analyst estimates of $430.69 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.